……..Deal to Generate $1.32bn in Net Cash Flows One year after signing the tripartite term sheet for the financing and technical services arrangement between NNPC/FIRST E&P JV and Schlumberger for the Anyalu and Madu fields under Oil Mining Licence, OML 83 and OML 85, offshore
BUSINESS
The Central Bank of Nigeria (CBN) says all commercial banks must resolve disputes arising from the use of Unstructured Supplementary Service Data (USSD) channels within three days. Dipo Fatokun, CBN’s director, banking and payment systems department, made this known at the Meet The Executive forum organised by Finance Correspondents Association of Nigeria (FICAN) in Lagos.
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has said that the speculations that oil has been found in commercial quantity in the Bida Basin should be discountenanced, stressing that the search for oil in the basin is still ongoing. Dr. Baru made this submission while delivering his acceptance […]
Dangote Cement Plc says it is planning to raise N150 billion by issuing commercial papers on FMDQ. In a statement released by the company to the Nigerian Stock Exchange on Wednesday, the company said the capital raising will either be as a stand-alone transaction or be executed in tranches. Joseph Makoju, the acting group chief […]
The Nigerian National Petroleum Corporation (NNPC) says N147 billion June remittance to the Federation Accounts Allocation Committee (FAAC), was in line with the terms of agreement it had with governors on the matter. The Corporation disclosed this in a statement signed by the Group General Manager, Group Public Affairs, Mr. Ndu Ughamadu, on Thursday in Abuja. […]
The Nigeria Immigration Service (NIS) has suspended the issuance of biometric visa-on-arrival to foreigners arriving into the country indefinitely. NAN reports that the exercise was suspended because of controversies concerning charges. The exercise, which was introduced on June 12, costs $110. At present, NIS is issuing the ordinary visa-on-arrival to visitors coming into
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